Aic 301 Expanding Your Claims Perspective Study Guide Graded A+

Class action [lawsuit] {Ans: A lawsuit in which one person or a small group of people represent the interests of an entire class of people in litigation.}Products liability {Ans: A manufacturer's or seller's liability for harm suffered by a buyer, user, or bystander as a result of a product that has a dangerous manufacturing defect or design defect or that is not accompanied by a warning of an inherent hidden danger.}Gift {Ans: The voluntary and gratuitous transfer of property without consideration}Toxic tort {Ans: A civil wrong arising from exposure to a toxic substance}Mutual assent {Ans: The act of two or more parties coming together to agree to the terms of a contract.}Unilateral mistake {Ans: A perception by one party to a contract that does not agree with the facts}